Frank Kollar of FibTimer.
Humans are born with basic instincts for survival. They need to protect themselves at all costs. Certain critical instincts are inborn, such as hunger, self-survival, etc.
But humans are complex creatures. We also have learned instincts, habitual ways of behaving that are so automatic and unconscious that they seem as if they are part of our very fabric.
4 Rules for Selecting Great Forex Day Trade Entries
Acting Without Thinking Logically For example, as you drive in traffic, you "instinctively" slow down or change lanes when the car in front of you seems to be driving erratically. You may have noticed that many drivers will make the lane change to avoid slowing down, and will even speed up to pass to take advantage of everyone else slowing down. Some act without thinking logically about their options, and without taking steps to avoid possible danger. They often tend to make poor decisions.
Behavioral economists have demonstrated that people also make automatic, unconscious decisions when trading the markets. Most people are extremely risk averse. They enjoy the pleasure of a sure win, even a small one, but try to avoid the pain of losses at all costs. Yet there is no logical reason to show such an asymmetry regarding their decision making.
Entry Strategy - The Art of Getting Good Entries in Stocks
Investors also sell their winning trades prematurely so they can lock in their profits. These unconscious and automatic decisions reflect a strong and universal human desire to avoid risk. All of my strategies are non-discretionary. There is no Holy Grail for successful trading, asserts Dave Landry, in this first of a three-part series.
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Day Trading Strategies For Beginners
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